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The impact of unsecured debt on financial pressure among British households

Ana Del Rio and Garry Young

Applied Financial Economics, 2008, vol. 18, issue 15, 1209-1220

Abstract: This article uses the 1995 and 2000 waves of the British Household Panel Survey to examine how a self-reported indicator of financial pressure is related to household finances and other characteristics. Using an ordered-logit model we find that the burden of debt is affected by the unsecured debt-income ratio, mortgage income gearing, financial wealth, health, ethnicity and marital status.

Date: 2008
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DOI: 10.1080/09603100701604233

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